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ASIC’s opens door to industry consultation on responsible lending
ASIC has issued an industry consultation paper as it seeks to update its guidance on responsible lending including the use of the...
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RC shows its mark in AMP's full-year profit
AMP CEO, Francesco De Ferrari acknowledged 2018 was a challenging year for AMP as the full weight of the Royal Commission impacted...
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Another retailer emerges in personal loans
Retail companies have begun emerging in the finance sector as consumer turn away from traditional banks and alternative services in...
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Prudential measures on their own won’t be enough: Byres
Prudential metrics alone can no longer deliver the necessary levels of safety and stability the community expects. A strong risk...
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Can neobanks emerge as a fifth pillar in a post RC world?
While some Australian neobanks are seeing the cultural issues plaguing the banks post the royal commission as an opportunity to “...
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New Zealand’s capital plan “annoying but not dire” for Aussie banks
The decision by the Reserve Bank of New Zealand to boost the capital requirements of its banks will add uncertainty for Australian...
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BPAY's Osko garners strong growth one year since launch
BPAY’s Osko has garnered almost 70 million in payments worth over $66 billion since it launched a year ago through the New Payments...
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Home lending continues to drift lower
New lending to households continued to drive lower in December with the fall in the value of lending for owner occupier dwellings...
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Macquarie flags another record profit
Macquarie Group expects to lift full-year profit by about 15 per cent on last year’s $2.6 billion to post another record result of...
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